Washington Securities Corporation (WSC) is both a broker-dealer and a registered investment advisor. WSC offers advice on various securities, including stocks, bonds, mutual funds, and ETFs. WSC uses programs sponsored by RBC Correspondence Services. WSC requires clients to complete a New Account Form and an Advisory Master Service Agreement to determine financial objectives, risk tolerance, and investment strategy. Clients can impose reasonable restrictions on their accounts.
Fee Structure
Washington Securities Corporation (WSC) offers investment management through RBC programs. The maximum annual fee for all RBC Programs is 3.00% based on a percentage of assets and paid quarterly in advance. The overall fee schedule is negotiable above the RBC baseline program fee. The total fees are billed to the client, paid to RBC, and then a portion of the fee is remitted to WSC. RBC maintains a portion of the fee as compensation for its programs. RBC Consulting Solutions and RBC UP are both "wrap" programs, which means the fee is inclusive of all transaction fees. RBC Advisor is not considered a wrap program, as it imposes an annual trade allotment with “over the allotment” ticket charges.